Audit committees

 

The Board and Audit Committees is accountable for Compliance across the company. They better know what they are doing and select an independent company to help them exercise their obligations to the shareholders.

On occasions, we work for the main Governing body of the Company, not the Company itself. This is often when the Board wants independent support for the review of a Compliance programme or the Compliance Department itself.

The Audit Committee owns Compliance.  Like it or not, they are accountable to shareholders for Compliance as part of their Governance role.  Our role is to make sure that all Board Members understand that accountability and can exercise their duties as Directors and members of committees.  We want to protect the Board from shareholder suits or loss of their own roles as Directors due to a compliance issue happening on their watch.

Why The Red Flag Group?

  • Independence. When we work for the Board, we are independent and won't provide any other services to management or the Company.  We follow strict conflict rules for this aspect of our work and remain focused on our Client: The Board.
  • Agenda. Our only agenda is to do the right thing and provide exemplary work.  We have no hidden agenda to extract more work from other areas of the Firm or to generate fees.
  • Seniority. Our senior staff are regularly in front of Boards and senior executives.  We have no issue in being open, honest, transparent and direct when it comes to telling Boards the state of play: The Good and the Not so Good.

Featured solutions

solutions-DD.jpg

Benchmarking

Our team of experts are trained on benchmarking your programmes or entire compliance department against best practices, your peers or across indystry competitors.
 

solutions-Audits.jpg

Compliance Audits

We can review, audit and test compliance across a business unit, subsidiary or division with our IntegraSure® | Compliance & Integrity Audits.  In many cases we conduct this review independently of the business to validate their work in that market.

 

Featured on Insights